Diesel Fuel and Petrol: Profits

(asked on 25th March 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what regulatory oversight is in place to reduce profiteering by petrol and diesel providers; and what legislative plans his Department has to increase oversight of the market at this time.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 4th April 2022

The Government remains committed to tackling consumer rip-offs and bad business practices, including profiteering.

The Competition and Markets Authority monitors firms suspected of profiteering to challenge unjustifiable price increases and stands ready to take enforcement action where there is evidence that competition or consumer protection law has been broken.

The Government continues to monitor the operation of consumer markets and keeps all options under review to ensure good value and service for consumers.

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